As part of LB&I's knowledge management efforts, practice units are developed through internal collaboration and serve as both job aids and training materials on tax issues. For example, practice units provide IRS staff with explanations of general tax concepts as well as information about a specific type of transaction. Practice units will continue to evolve as the compliance environment changes and new insights and experiences are contributed. Please visit this site periodically for new and updated practice units which are shared below.
To provide feedback on a specific practice unit, please send an email to LBI practice unit public feedback and specify the practice unit's name and Document Control Number (DCN), which are both listed on the practice unit's cover page. Please do not reference a specific individual or entity in your email as comments may be subject to future release. The IRS does not commit to respond to suggestions or comments.
Practice units are available in Adobe PDF and must be viewed with the Acrobat Reader.
Note: Practice units are not official pronouncements of law or directives and cannot be used, cited or relied upon as such. Practice units provide a general discussion of a concept, process or transaction and are a means for collaborating and sharing knowledge among IRS employees. Practice units may not contain a comprehensive discussion of all pertinent issues, law or the IRS's interpretation of current law. Practice units do not limit an IRS examiner's ability to use other approaches when examining issues. Practice units and any non-precedential material (e.g., a private letter ruling, determination letter, or Chief Counsel advice) that may be referenced in a practice unit may not be used or cited as precedent. References to third party service providers and documents, like news or journal articles, are for informational purposes only and do not constitute an endorsement of any vendor, document, or the services or views offered by such third party.
Years
To find years 2019 to 2014 see, Practice units: 2019 to 2014.
2024
| Date | Title | Size |
|---|---|---|
| 12-6-2024 | Examining a Reseller’s 263A Computation PDF | 517KB |
| 11-22-2024 | Producer's 263A Computation PDF | 350KB |
| 11-22-2024 | LIFO Pooling-Requirements PDF | 217KB |
| 11-19-2024 | Land Developers and Subcontractors -Proper Method of Accounting PDF | 258KB |
| 10-30-2024 | IRC Section 250 Deduction: Foreign - Derived Intangible Income (FDII) PDF | 419KB |
| 6-7-2024 | Lower of Cost or Market (LCM) PDF | 379KB |
| 2-21-2024 | How to Allocate and Apportion Research and Experimental (R&E) Expenses for Tax Years Beginning Before 1/1/2020 PDF | 285KB |
2023
| Date | Title | Size |
|---|---|---|
| 11-30-2023 | Taxation of Beneficiary of a Foreign Non-Grantor Trust PDF | 360KB |
| 9-29-2023 | Foreign Tax Credit – Categorization of Income and Taxes Into Proper Basket PDF | 465KB |
| 7-12-2023 | Expatriation On or After June 17, 2008 – Mark-to-Market (MTM) Tax Regime PDF | 368KB |
| 5-16-2023 | Interest Expense Limitation on Related Foreign Party Loans Under IRC 267(a)(3) PDF | 719KB |
| 5-16-2023 | Dividend Distribution with a Debt Issuance PDF | 235KB |
| 5-16-2023 | Interest Expense Limitation Under IRC 163(j) for Controlled Foreign Corporations Post-TCJA PDF | 406KB |
| 1-17-2023 | Identifying and Handling Claims for Changes in Accounting Methods PDF | 379KB |
| 1-17-2023 | Accounting Method Basic PDF | 251KB |
2022
| Date | Title | Size |
|---|---|---|
| 10-18-2022 | FinCEN Form 114 –Report of Foreign Bank and Financial Accounts (FBAR) PDF | 254KB |
| 08-29-2022 | IRC 958 Rules for Determining Stock Ownership PDF | 626KB |
| 7-25-2022 | Allowance of Deductions and Credits on 1120-F Delinquent Returns PDF | 273KB |
| 6-24-2022 | IRC 179D Energy Efficient Commercial Buildings Deduction PDF | 365KB |
| 4-25-2022 | Country-by-Country (CbC) Report in the Transfer Pricing Risk Analysis Process PDF | 499KB |
| 3-31-2022 | Deferred Compensation Received by Nonresident Alien Individuals PDF | 279KB |
| 3-22-2022 | Erroneous Claim for Refund or Credit Penalty PDF | 241KB |
| 1-4-2022 | Section 245A Dividend Received Deduction Overview PDF | 310KB |